1129 3rd Street
Novato, CA 94945
3728 sqft | 0.17 acres | #ML81978903
Description
CBRE is pleased to offer for sale The Third Street Townhomes (1129 3rd St) comprised of 4 townhome units in Novato, California. The Property is located in the heart of the most desired Marin County community with convenient access to transit and walking distance to the downtown Novato attractions. The Property offers an investor the rare opportunity to purchase four 930 SF two-story townhomes in an ideal Marin County location. The investment appeal of the Property is driven by the exceptional renovation premium by infusing light upgrades to the well kept units to increase rents to ~$3,000+ based on comparables. Current rents are below market and new ownership can raise rents Q1 of 2025. This is a don't miss value-add opportunity that will stabilize above a 6.4% cap rate.
Property Details
- Property TypeMulti-Family
- Original List Price$1,750,000
- MLS #ML81978903
- Property SubtypeQuadruplex
- MLS #ML81978903
- Taxes Annual$25,500
- Cost1750000
- Acres0.1722
- Utility SourceOther
- School DistrictOther
- CountyMarin
- Square Feet3728
- Year Built1973
- FoundationSlab
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Jefrey Henderson (#ML5067171)
Listing Office: Jefrey Henderson, Broker (#ML5009585)
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